Gold edged higher, paring some of the week’s steep losses in a market that flipped from widespread bullish sentiment to concerns that prices were overheating.
Spot gold rose 0.4% on Thursday, after seeing losses of about 6% over the previous two sessions. Investors continued to weigh the prospect that a US-China trade deal could relieve some of the geopolitical tensions that have bolstered demand for haven assets like gold in recent weeks.